AB275: Bill Text

AB275,8,11 4. Satisfactory proof of the approval of the application as required by sub. (2).

AB275, s. 18 Section 18. 24.66 (3m) of the statutes is amended to read:

AB275,8,20 24.66 (3m) For educational technology or distance education loans. An application by a county, city, village or town to undertake an educational technology or distance education project, or by a consortium that includes a county, city, village or town under s. 24.61 (3) (d) shall be accompanied by a resolution of the county or municipal library board for that county, city, village or town, or the county or municipal library board of each county, city, village or town participating in the consortium, requesting the county, city, village or town to apply for the loan for the purpose of conducting an educational technology or distance education project.

AB275, s. 19 Section 19. 24.66 (5) (a) of the statutes is amended to read:

AB275,9,16 24.66 (5) (a) Every application for a general obligation trust fund loan under this section by a municipality shall be accompanied by a certified copy under the hand of the proper clerk of a recorded resolution adopted by the municipality applying for or approving the loan, levying, except as provided in par. (b), upon all the taxable property of the municipality a direct annual tax for the purpose of paying and sufficient to pay the principal and interest on the proposed loan as they become due. In a 1st class city school district, the application shall be accompanied by a certified copy of a resolution, adopted by the board of school directors, stating that it is the intention of the board of school directors to include in its budget transmitted to the common council under s. 119.16 (8) (b) a written notice specifying the amount of money necessary to pay the principal and interest on the loan as they become due. Every application for a general obligation trust fund loan under this subsection by a cooperative educational service agency shall be accompanied by a copy of a recorded resolution adopted by the school board of each school district for which the loan is sought, certified by the school district clerk of that school district, levying upon all taxable property of the school district a direct annual tax for the purpose of paying and sufficient to pay the school district's share of the principal and interest on the proposed loan as they become due. The levy imposed by the municipality shall be void if the board declines to make the loan; otherwise it shall remain valid and irrepealable until the loan and all interest on the loan are fully paid.

AB275, s. 20 Section 20. 24.67 (1) (d) of the statutes is amended to read:

AB275,9,18 24.67 (1) (d) For a city, by its mayor or city manager.

AB275, s. 21 Section 21. 24.67 (2) (a) of the statutes is amended to read:

AB275,9,21 24.67 (2) (a) For the county, town, village, or city, by the clerk of that county, town, village, or city.

AB275, s. 22 Section 22. 24.67 (3) of the statutes is amended to read:

AB275,9,25 24.67 (3) If a municipality has acted under subs. (1) and (2), it shall certify that fact to the department of administration board. Upon receiving a certification from a municipality, or upon direction of the board if a loan is made to a cooperative educational service agency, drainage district created under ch. 88, local professional baseball park district created under subch. III of ch. 229, or a federated public library system, the secretary of administration board shall draw a warrant for disburse the amount of the loan amount, payable to the treasurer of the municipality, cooperative educational service agency, drainage district, or federated public library system making the loan or as the treasurer of the municipality, cooperative educational service agency, drainage district, local professional baseball park district, or federated public library system directs. The certificate of indebtedness shall then be conclusive evidence of the validity of the indebtedness and that all the requirements of law concerning the application for the making and acceptance of the loan have been complied with.

AB275, s. 23 Section 23. 24.68 of the statutes is amended to read:

AB275,10,15 24.68 Payment of state trust fund loans. All the taxable property in any municipality which obtains a general obligation trust fund loan shall stand charged for the payment of the principal and interest on that loan.

AB275, s. 24 Section 24. 24.70 (3) of the statutes is amended to read:

AB275,11,2 24.70 (3) Amount added to municipal levy. Upon receipt of a certified statement by a municipal clerk, the municipal clerk shall then cause the amount to be added to the municipal levy and collected in the same manner as the municipal tax except the amount for the state trust fund loan shall be separately designated. Upon receipt of a certified statement by a school district clerk from a cooperative educational service agency, the clerk shall cause the amount for which the district is responsible under s. 24.61 (7) to be added to the school district levy and collected in the same manner as the school district tax, except that the amount for the loan shall be separately stated. This subsection does not apply to revenue obligation trust fund loans.

AB275, s. 25 Section 25. 24.70 (4) of the statutes is amended to read:

AB275,11,10 24.70 (4) Payment to board. The treasurer of each municipality shall transmit remit to the board on its order the full amount levied due for state trust fund loans within 15 days after March 15. Each cooperative educational service agency shall similarly transmit remit the annual amount owed on any state trust fund loan made to the agency by that date. Any payment not made by March 30 is delinquent and is subject to a penalty of one percent per month to be paid to the board with the delinquent payment.

AB275, s. 26 Section 26. 24.70 (6) of the statutes is amended to read:

AB275,11,18 24.70 (6) Failure to make payments. If any municipality fails to remit the amount due by the date specified under sub. (4), the board may shall file a certified statement of the delinquent amount with the department of administration. The secretary of administration shall collect the amount due, including any penalty, by deducting that amount from any state payments due the municipality and, shall notify the treasurer and the board of that action, and shall immediately remit to the board any amounts deducted from any state payments due to the municipality.

AB275, s. 27 Section 27. 24.71 (3) of the statutes is amended to read:

AB275,11,24 24.71 (3) Added to school district levy. The school district clerk shall then cause the amount due to be added to the school district levy and collected in the same manner as the school district tax except the amount for state trust fund loans shall be separately designated. This subsection does not apply to revenue obligation trust fund loans.

AB275, s. 28 Section 28. 24.71 (4) of the statutes is amended to read:

AB275,12,5 24.71 (4) Payment to board. The school district treasurer shall transmit remit to the board the full amount levied due for state trust fund loans within 15 days after March 15. Any payment not made by March 30 is delinquent and is subject to a penalty of one percent per month or fraction thereof, to be paid to the board with the delinquent payment.

AB275, s. 29 Section 29. 24.71 (5) of the statutes is amended to read:

AB275,12,12 24.71 (5) Failure to make payment. If the school district treasurer fails to remit the amounts due under sub. (4), the state superintendent, upon certification of delinquency by the board, shall deduct the amount due including any penalty from any school aid payments due the school district, shall remit such amount to the secretary of administration board and, no later than June 15, shall notify the school district treasurer and the board to that effect.

AB275, s. 30 Section 30. 24.715 (3) of the statutes is amended to read:

AB275,12,18 24.715 (3) Payment to board. The system board shall transmit remit to the board on its own order the full amount levied due for state trust fund loans within 15 days after March 15. Any payment not made by March 30 is delinquent and is subject to a penalty of one percent per month or fraction thereof, to be paid to the board with the delinquent payment.

AB275, s. 31 Section 31. 24.715 (4) of the statutes is amended to read:

AB275,12,25 24.715 (4) Failure to make payment. If the system board fails to remit the amounts due under sub. (3), the state superintendent, upon certification of delinquency by the board, shall deduct the amount due, including any penalty, from any aid payments due the system, shall remit such amount to the state treasurer board and, no later than June 15, shall notify the system board and the board to that effect.

AB275, s. 32 Section 32. 24.716 (3) of the statutes is amended to read:

AB275,13,6 24.716 (3) Payment to board. The district board shall transmit remit to the board on its own order the full amount levied due for state trust fund loans within 15 days after March 15. Any payment not made by March 30 is delinquent and is subject to a penalty of 1 percent per month or fraction thereof, to be paid to the board with the delinquent payment.

AB275, s. 33 Section 33. 24.716 (4) of the statutes is amended to read:

AB275,13,13 24.716 (4) Failure to make payment. If the district board fails to remit the amounts due under sub. (3), the secretary of administration, upon certification of delinquency by the board of commissioners of public lands, shall deduct the amount due, including any penalty, from any state aid payments due the district, shall remit such amount to the secretary of administration board, and, no later than June 15, shall notify the district board and the board to that effect.

AB275, s. 34 Section 34. 24.717 (3) of the statutes is amended to read:

AB275,13,20 24.717 (3) Payment to board. The local professional baseball park district board shall transmit remit to the board of commissioners of public lands on its own order the full amount levied due for state trust fund loans within 15 days after March 15. Any payment not made by March 30 is delinquent and is subject to a penalty of 1 percent per month or fraction thereof, to be paid to the board of commissioners of public lands with the delinquent payment.

AB275, s. 35 Section 35. 24.717 (4) of the statutes is amended to read:

AB275,14,3 24.717 (4) Failure to make payment. If the local professional baseball park district board fails to remit the amounts due under sub. (3), the secretary of administration, upon certification of delinquency by the board of commissioners of public lands, shall deduct the amount due, including any penalty, from any state payments due the district, shall remit such amount to the secretary of administration board, and, no later than June 15, shall notify the district board and the board of commissioners of public lands to that effect.

AB275, s. 36 Section 36. 121.07 (1) (a) of the statutes is amended to read:

AB275,14,9 121.07 (1) (a) The membership of the school district in the previous school year and the shared cost for the previous school year shall be used in computing general aid. If a school district has a state trust fund loan as a result of s. 24.61 (3) (c) 2., 2009 stats., the school district's debt service costs shall be based upon current school year costs for the term of the loan and for one additional school year.

AB275,14,10 (End)